“…It [is] argued that the increased COLAs during an era of low inflation had led to retirees getting $36 billion worth of ‘greater purchasing power,’ while increased longevity has added an additional $9 billion in liabilities…”(Chicago Tribune, January 13, 2015).
Two hundred and twenty-three years ago, the 18th century German philosopher, Immanuel Kant, formulated a theory of ethics exemplified by his categorical imperatives. To illustrate: “Act so that you treat humanity… always as an end and never as a means only. Act only on that maxim by which you can, at the same time, will that it should become universal law.”
Do you honestly believe that teachers, policemen, firemen, and other State employees are to blame for wasteful spending, unemployment, foreclosures, bankruptcy, poverty, and other financial disasters? Do you really believe that the pension benefits of those people who have served the public selflessly and without avarice should be changed or eliminated?